Understanding Citizens Assessments

To assist policyholders in better understanding the potential for and calculation of policyholder assessments in the event of a future deficit, Citizens has created a new online module,“Understanding Citizens Assessments.”

Posted as a printable document for your convenience, the program highlights:

• The impact of homestead status on assessments
• The five assessment tiers
• Assessable lines of business, based on recent insurance legislation

We recommend our clients thoroughly review “Understanding Citizens Assessments.” If you have questions after reviewing, simply contact our licensed professionals at the Lombard Street Group for more information.